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Insurers Have to Offer Add-On ‘Pay As Drive’ Cover Under Motor Policy

Insurers Have to Offer Add-On ‘Pay As Drive’ Cover Under Motor Policy

Mumbai: Non-life insurers will have to offer additional product options of “pay as you drive”/ “pay as you go” as the...

11 Jun 2024 10:36 PM IST

The Insurance Surveyors and Loss Assessors Regulations 2019 has proposed to increase the limits of self-assessment of damage up to Rs 75,000 in case of motor accidents claims from the current limit of Rs 50,000.

IRDAI Frees up Insurance Cover Wordings

Mumbai: In a historic move, the insurance regulator has freed up policy wordings in non-life insurance contracts,...

14 April 2024 10:14 PM IST